One Group Hospitality IncOne Group Hospitality Inc
One Group Hospitality Inc

One Group Hospitality Inc

STKS
Consumer Discretionary·Hotels, Restaurants & Leisure

The ONE Group Hospitality, Inc. engages in the development, owning, and management of restaurants and lounges. It operates through the following segments: STK, Benihana and Grill Concepts. The STK segment consists of the results of operations from STK restaurants and ONE Hospitality restaurant locations, as well as management, license and incentive fee revenue generated from the STK brand and ONE Hospitality restaurants. The Benihana segment consists of the results of operations from Benihana restaurant locations, as well as franchise revenue from the Benihana brand. The Grill Concepts segment consists of the results of operations of Kona Grill and RA Sushi restaurant locations. The company was founded by Jonathan Segal on December 3, 2004 and is headquartered in Denver, CO.

New York; U.S.A
Market cap
No dataNo data
Revenue
$805.7M+19.7% YoY
Net income
$-92.2M−482.9% YoY
Free cash flow
$-27.3M+0.3% YoY

Market

Listed stock
STKSPriceNasdaq
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Financial performance

Revenue
$805.7M+19.7% YoY
Operating income
$8M−25.7% YoY
Net income
$-92.2M−482.9% YoY
Free cash flow
$-27.3M+0.3% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $277.2M, 2022 $316.6M, 2023 $332.8M, 2024 $673.3M, 2025 $805.7M. Operating income: 2021 $19.4M, 2022 $16.3M, 2023 $9.3M, 2024 $10.8M, 2025 $8M. Net income: 2021 $31.3M, 2022 $13.5M, 2023 $4.7M, 2024 $-15.8M, 2025 $-92.2M. Free cash flow: 2021 $19.5M, 2022 $-7.4M, 2023 $-22.8M, 2024 $-27.4M, 2025 $-27.3M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
19.7%−8269 bps YoY
Gross margin
No dataNo data
Operating margin
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FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $19.4M, 2022-12-31 $16.3M, 2023-12-31 $9.3M, 2024-12-31 $10.8M, 2025-12-28 $8M. Net income: 2021-12-31 $31.3M, 2022-12-31 $13.5M, 2023-12-31 $4.7M, 2024-12-31 $-15.8M, 2025-12-28 $-92.2M. Free cash flow: 2021-12-31 $19.5M, 2022-12-31 $-7.4M, 2023-12-31 $-22.8M, 2024-12-31 $-27.4M, 2025-12-28 $-27.3M

Growth heatmap

2022202320242025CAGR
Revenue
+14.2%
+5.1%
+102.3%
+19.7%
+30.6%
Gross profit
+2.2%
-1.2%
+86.6%
+13.3%
+20.9%
Operating income
-15.9%
-43.0%
+15.9%
-25.7%
-19.9%
Free cash flow
-137.8%
-208.6%
-20.2%
+0.3%
No data

Earnings quality

Operating cash flow
$30.3M−31.4% YoY
Net income
$-92.2M−482.9% YoY
Free cash flow
$-27.3M+0.3% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-28 -33%, 2024-12-31 -279%, 2023-12-31 652%, 2022-12-31 187%, 2021-12-31 99%. Free cash flow: 2025-12-28 30%, 2024-12-31 173%, 2023-12-31 -483%, 2022-12-31 -55%, 2021-12-31 62%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
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Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
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Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
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EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
No data
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EV / EBITDA
No data
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Free cash flow yield
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